Middle-class households with four members in Hong Kong have decreased by nearly 10% year-on-year according to latest survey

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The “Quarterly Report on General Household Survey” for July to September 2022 was published by the Census and Statistics Department today.

The report contains statistics on labour force, employment, unemployment and underemployment for the third quarter of 2022. It also contains detailed analyses of the characteristics of different categories of members of the labour force, including their age, sex, educational attainment, employment status, occupation, industry, hours worked per week and monthly employment earnings, etc. Information on reasons for leaving last job and duration of unemployment for the unemployed is also presented.

The survey shows that the number of middle-class households with four members in Hong Kong has decreased by nearly 10% year-on-year, and there is still a further 5% decrease if the factor of foreign domestic helpers is deducted. The overall median monthly household income in Hong Kong rose by 4% to HK$28,900. In terms of the employment situation in Hong Kong, the employed population with a post-secondary education level has risen by about 4% year-on-year.

At the same time, the number of employed positions at managerial level or above has also increased, and the increase in the age group of 40 or above is more obvious. It rose about 9%. In addition, due to the impact of the decline in property prices, more than 47,000 new home-ownership households have been added in the past year, and the number of rented private housing has also experienced a similar decline during the same period.  A human resources consultant pointed out that due to the increase in the number of professionals and family migrating overseas in the past year,  local companies has experienced shortage in recruitment of middle management personnel.


 

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